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United States : Deloitte Corporate Finance LLC Advises AirBorn, Inc. on its Financing with Goldman Sachs Specialty Lending Group.

Deloitte Corporate Finance LLC ( DCF ) is pleased to announce its role as the exclusive financial advisor to AirBorn, Inc. ( AirBorn or the Company ) in securing financing from Goldman Sachs Specialty Lending Group. AirBorn engaged DCF to assist in raising capital to help provide liquidity for shareholder-related matters and flexibility for corporate growth initiatives.

DCF s employee stock ownership plan (ESOP) corporate finance experience was leveraged to assist in analyzing several factors affecting the Company s future cash needs including obligations related to the Company s S-Corp ESOP structure and synthetic equity positions.

This transaction is consistent with our overall financing strategy to provide AirBorn with increased financial flexibility, and the ability to take advantage of large growth opportunities that we have in the marketplace today. Having the right long-term financial partners is essential to that strategy and we are delighted to grow our existing relationship with Goldman Sachs. Providing our customers with the highest quality products and services in our industry is AirBorn s top priority, and a strong financial foundation is critical to delivering on this mandate, said Bob McGahan, chief financial officer of AirBorn, Inc.

We are very pleased to have leveraged our extensive ESOP corporate finance experience and capital markets reach to assist AirBorn, Inc. in sourcing and negotiating a junior security, remarked Lou Paone, managing director, Deloitte Corporate Finance LLC, and head of DCF s ESOP advisory practice.

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Publication:Mena Report
Date:Jun 4, 2014
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